Report of school in superior position being demolished? (5,2)
I believe the answer is:
eaten up
'being demolished?' is the definition.
(eat up can mean to destroy or demolish)
'report of school in superior position' is the wordplay.
'report of' shows a homophone (sound like).
'school' becomes 'Eton' (famous UK public school).
'in superior position' becomes 'up' (up can mean leading or ahead).
'eton' sounds like 'eaten'.
'eaten'+'up'='EATEN UP'
(Other definitions for eaten up that I've seen before include "Obsessed" , "frantic?" , "finished off" , "Consumed" .)